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Mark Cuban would not invest in NXT in its current state. I think those funds would be put to better use in development.
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Are any of you technical and articulate folks able to make it for Friday if funds are not an issue? This is such a huge opportunity, and I would love to see someone like Anon or JoeFox there. I bet we can pull together some funds to get one of you there if you're able to clear your schedule. I would gladly chip in a couple hundred $-worth of Nxt, and I think others definitely would as well.
I am technical and articulate and have been slowly sifting through source code to understand things better, BUT I don't feel like I could field questions from cryptographers or software engineers without imploding. I can talk about Nxt, and some of the challenges it faces, but the CfB-BCNext filter is a little too opaque to be useful for understanding the deep fundamentals (after only two months of this stuff, the exhaustion is overwhelming: "the source code is the whitepaper!", "community must decide", "Enigma!", "Tease!", "u are incorrect check thread for answers plz", "wait for third part of plan", "many riddles in the source if you look", etc.) I'd say some nice things about Nxt, and then one guy would raise his hand and ask "can you explain the rationale behind basing a cryptocurrency on a mix of Curve25519, EC-KCDSA, and SHA-256 when no papers exist that assess the semantic security of that particular Diffie-Hellman key exchange algorithm, and it is has only traditionally been favoured for its calculation speeds?", and I would suddenly smell toast and collapse into an apoplectic heap, muttering "just ask Beyonce it all comes from Beyonce" and weeping. THEN watch the price. It's a real Catch-22. Getting a chance to take part in a panel that would be included in the (always awesome and SO VALUABLE) Let's Talk Bitcoin podcast is *exquisite*, but the person to talk about the advent and future of metacoins is currently living in Belarus and busy until April. MY VOTE would be for someone like wesley, ferment, opticalcarrier, rickyjames or ricot. +1000 |
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+35%
Dgex price limits
Aha! bug combined with silly price limits makes it so dgex is effectively out of action now. much sad James Don't forget that DGEX owns everything on their exchange and cannot be held liable in the case of unexpected events! |
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At the very least, why aren't there multiple topics on nxtcrypto about individual project discussion as opposed to everything discussed in a single thread here? This seems like a simple organizational fix that could be implemented immediately. That way we aren't all sitting around a round table having 10 conversations at a time.
Do it! Create the threads! I've started two threads in the Stakeholder Collaboration forum of nxtcrypto for 1) marketing and 2) voting system discussion. These were two things that were hotly debated over the past couple days. Hopefully this will organize conversations a bit more and remove excess noise from this thread. https://forums.nxtcrypto.org/viewforum.php?f=38An experiment in coordination! |
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At the very least, why aren't there multiple topics on nxtcrypto about individual project discussion as opposed to everything discussed in a single thread here? This seems like a simple organizational fix that could be implemented immediately. That way we aren't all sitting around a round table having 10 conversations at a time.
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NXT's single vision is decentralization and community involvement, imho . If i am not wrong, I share this vision with BCNext and Cfb. So you plan to count on BCNext or Cfb to make decisions for you, I think you would be disappointed.
But if some points, this venture become too disarrayed and too fragmented that BCNext has to appear and decide everything then I will leave because because all my efforts have been fruitless. Up until that point, if you care about NXT, then giving up the habit of looking up for a leader and actually doing something. You yourself could actually shape the vision for NXT.
This is so vague....what does "decentralization and community involvement" mean to you? Apparently, it means voting on Nxt-related things. So how many people need to vote to satisfy your criterion of "community involvement?" Would 20% of NXTholders be enough? 50%? What if voter participation was almost completely from the top 10 percentile of Nxt holders, and the people holding a couple thousand NXT just sat out the election? I think part of the problem we're having with voting is that info about this project is scattered over 3 forums (here, nextcoin.org and nxtcrypto.org) and there is no organization. As I said in a previous post, I've been following this with some effort for about 10 days now, and I still am ignorant of a lot of important things. - Who is Jean-Luc and what does he do?
- Is BCNext still involved in programming and development.
- What do Utopian Future, Klee, Anon, 2Kewl4School and other prolific posters do? Do they program stuff? Write articles?
- Where do you go to get reliable technical answers about the protocol?
- How many developers are there currently working on the full source code? Who are they?
Information is too fragmented, or scattered through this 900-page thread. I got interested in NXT in late December, and there's really no way to get caught up on the status of the project. Yes I have read the wiki, white paper, and I hang out in #nxtalk, but I am still uninformed. And you want me to vote. I would vote and participate but really, there is no way to get caught up on the project for someone coming on board now and that hasn't been here since the beginning. +10000000 +1M The more de-centralized this gets, the more coordination is paramount. Decentralization in theory is not equal to decentralization in practice. Projects need leadership and direction. |
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I doubt this will earn me any friends but I strongly disagree with you guys here. utopianfuture, you mention that the voting issue is getting very complicated. It will continue to do so until it becomes unwieldly and threatens to derail the entire project. We need a visionary leader who isn't afraid to make decisions. Naturally, that is someone in charge of the code. If somebody doesn't like it, they can fork the source code and start their own project. It's a beautiful thing.
Someone (BCNext?, CfB?) needs to step up and unify this project under a single vision.
If we try to turn the Nxt software project into some kind of a model for "the way things ought to be", it will die a slow and painful death. Gentoo Linux is a perfect example of this. When Daniel Robbins created the Gentoo Foundation and stepped down as chief architect, it was the beginning of the end for Gentoo. Much drama has unfolded since then and in spectacular fashion all over the internet. These days, Gentoo Linux is a shadow of its former self.
+9000 |
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At this moment - yes. It's not necessarily a bad thing, it provides some growth in the beginning, but it should not be overdone.
Anyway, if you're just talking about creating some webpage then I am off topic here.
Still, don't we have enough friendly sites + wiki?
Show me URL that leads a person curious about NXT directly to becoming NXT stakeholder of $25+
Last I saw, the best we have to offer a person who wants to get some NXT is:
a) use exchanges (all of which have some issues and/or require BTC)
b) post in forum thread and somehow buy NXT directly
Tell me we understand the real world at least a little bit here. To get to 100,000+ NXT stakeholders, we need to expand beyond super technical forum regulars who already have BTC, to the typical intelligent person who uses the Internet.
Am I wrong?
James
I hear you James and this is something that I've brought up a few times with no response. The argument here is for a streamlined approach to accessing the NXT network for non-technical users. For this technology to survive, the network effect is crucial and will require non-technical people to fill its ranks. The number of hoops people have to jump through is enough to put off the average user. It may seem easy to someone who is familiar with forums but is complicated to people outside of the conversation. A big problem here though is that average Joe's won't really have use for it until merchants start accepting NXT. Should the marketing be targeted directly at current crypto users? |
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How about rules that revolve around voting? What is a valid issue/topic for voting? Who can raise a vote? How long must a poll take place to be considered valid? What information will be provided when a poll is opened? Who is responsible for providing this information? If a majority of voters lack technical knowledge and cannot be educated effectively in the polling time frame, is voting an effective method of decision-making? Who is responsible for initiating action once voting ends?
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I'm finally out of dgex.com (still had BTC in the account, bought NXT and got them out after "just" two days) and I am out of buying and selling NXT as long as there is no alternative exchange. (Please no Peercover/Ripple/Private Escrow follow-ups... Thank you.) Allow me some final words regarding dgex.com. 1.) GCInc, thanks a lot for your service over the last weeks. I think the dgex exchange was very important for NXT and you did a good and brave job with setting it up and running it. 2.) GCInc, you are a thief. You've just stolen around US$20 from me and the service you provided for me over the last weeks is worth more than US$20, but still you are thief. It feels like a friend asked you to borrow some money from you and when he pays back, he tells you that he changed his mind and only pays you back 99% of what you borrowed him. You totally lost credibility with your move to change the fees without previous notice, thus I am out of dgex until its under new management. 3.) I came for the quick profit - I stay because of the very cool community. With this NXT community there were other ways to "cover your ass". While you still had a reputation for what you've done for NXT you had a good chance to explain why you lost 800.000 with your exchange and ask for help from the community. After following here over the last weeks, I am convinced you would have gotten help from us. 4.) "Third in command"? This is a PR disaster... Unfortuntely, your way of managing dgex and answering only questions that you think you have good answers for makes me fear that this is in fact how you see yourself. I don't want to make business with you having the feeling that you are the boss and not that were a business partners. 5.) Will you commit to announcing ahead of time any fee INCREASES?
This fee increase was a mistake, yet seemed like the only option. I had to cover my ass in case the source release had exploded the price 3x...4x... god knows how much, every percent tightening the deficit rope around my neck more and more.Well, nobody else jumped onto this, but this was the point when all (remaining) alarm bells began to rang. What you basically said was that we have an exchange that is run in a way to have a NXT market value that the exchange owner is comfortable with. WTF??? So, because you still have 800.000 NXT missing you have an interest in low market values and you actually run the exchange in your interest. This is just beyond me... And it is totally beyond me that anyone still uses dgex after your sentence above. What scares me the most of this situation is that there is 75 million of peoples Nxt sitting in this dgex reserve account: http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=12292439833850569026Do I understand properly that this is a secondary account for dgex deposits made to the main account? Frightening to think that this type of person has control over 7.5% of the coin cap. To be fair, it should comfort you to know that the exchange is well capitalised and, thus, won't default on your deposits. its not as bad as it seems at first. the whole security model of nxt relies on the currency being not overly centralized. if dgex were to run off with 7.5% of all of the coins they would actually destroy the value of those coins in the process. meaning there is not a lot of incentive for them to do it. Take this piece of text from the dgex user agreement into consideration before making such conclusions. "Once a deposit is made, the funds transferred become the property of DGEX.com and the client can hold no claim for the funds displayed on their DGEX.com account..." "Refund Policy: While DGEX.com is aiming for bona fide operationability, there are no refunds. All deposits are considered final purchases of digital tokens within the DGEX.com database only." |
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It's good to see some reasonable behavior in here for a change! Just for the record before I delete the unauthorized advertisement on nextcoin.org, such an obvious agenda for downplaying competition on their own yard - and trying to score the points home for that is, well, almost tragicomic; Disclaimer: I am not - in any way - affiliated with Ripple or Peercover. This guide is for informational purposes only. There are a number of reasons you may want to consider:
According to DGEX's website, NXT withdrawals are currently delayed from their normal schedule. NXT withdrawals are 0.9%. BTC withdrawals are 1.4% - 2.8% depending on your desired speed.
Nxtchg, another NXT exchange, is handling trades manually.
Peercover offers free, automated trading.
Peercover deposits/withdrawals, in my experience, have executed within just a few hours (more info on this later in the guide). We need to create a market in the most advantageous environment! Now which one sounds better to you: trading in an environment with or without fees? Manually operated or automated? Calling all rational investors! These are factual statements. Are you trying to prevent freedom of speech? I think that does it for now... thanks nxtgt for visiting our DGEX sponsored forum and good luck for your business!  Un.be.lievable |
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Also, this is confusing:  Is DGEX not part of the community? What makes the NXT community separate from DGEX? Are you referring to the forum? Does anyone else see what I'm getting at here or am I a complete lunatic? |
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you sorely underestimate the amount of time that me and those 3 other people are spending on the info/www/forums sites of nxtcrypto.org.
You just may not be aware of the resources you have available? visit forums.nxtcrypt.org and start speaking out!
Perhaps I was being unclear. This has no bearing on your or any of the other developers continued efforts, and thank you for stepping up. I would contribute more if I could but I'm just not as technical as you. What I was referring to with "time" is the time that outside interests have to spend looking for authoritative information on the topic. There is a LOT of trolling going around and it is my belief that a large part of the community views nextcoin.org as THE authoritative source on NXT outside of this thread, simply because it has the most activity. I say that strategically, de-centralization in this sense is a bad idea because misinformation is being disseminated and in my case, (the reason I'm getting very heated about all of this) useful information is being threatened for deletion because of a clear conflict of interest. This is hurting NXT price discovery and serving as a barrier to entry for interested investors. This has no bearing on who Graviton is but the conflict exists nonetheless. Meanwhile, people who are trying to get involved or are, at the very least, interested in investing may not be getting quality information because of the lack of a clear, authentic source. |
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Most people you see running the show are actually people who jumped in and started doing things they saw needed doing.
This leads to a certain lack of coordination, maybe, but Nxt is very much a community of people who volunteer.
And I respect that Damelon but there is a disdain among contributors here that there should be any source of centralized information or decision-making, which I think gets to the heart of what ZerotheGreat is arguing. |
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Is there any type of leadership in this project that is going to say, X is the official forum. The most authentic information is here at X. Or are we just going to let people blindly navigate this "de-centralized" fairyland because "screw centralization"?
No official forum. You would have to decide for yourself: where do you like to be, who do you want to trust etc. It would be confusing at first, but when you take the red pill and stays in wonderland, you will finally be free. In the interest of time this is a terrible, terrible idea organizationally and strategically if NXT is to succeed in any sort of meaningful way. I disagree, but then Bitcoin and NXT would only attract to a certain type of people. For God's sake, we are not a a corporation. You could invest in Facebook if you want that sort of things. Thanks for the clarification. But NXT is a project, and like any other project known to man it needs cohesion and direction, and a clear source of authentic information that is easy to find for others who want to get involved. Enough with the elitist view on crypto. If it really is "so much more" than Bitcoin, why is it reserved for a select few? |
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Is there any type of leadership in this project that is going to say, X is the official forum. The most authentic information is here at X. Or are we just going to let people blindly navigate this "de-centralized" fairyland because "screw centralization"?
No official forum. You would have to decide for yourself: where do you like to be, who do you want to trust etc. It would be confusing at first, but when you take the red pill and stays in wonderland, you will finally be free. In the interest of time this is a terrible, terrible idea organizationally and strategically if NXT is to succeed in any sort of meaningful way. |
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Is there any type of leadership in this project that is going to say, X is the official forum. The most authentic information is here at X. Or are we just going to let people blindly navigate this "de-centralized" fairyland because "screw centralization"?
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Graviton is on the nextcoin.org forum threatening to take down my guide on trading on Peercover because it states factual information about DGEX's policies. Is this what NXT is about?
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The issues all come down to Dgex, which is the only exchange for Nxt and the only source for coinmarketcap stats. The site is often unavailable (ddos attacks) and subject to manipulation, furthermore, they've implemented outrageous fees causing many to shy away from trading.
Which is why we should move some trading over to Peercover. Not all trading, but some of it, just to test the waters. There aren't any fees and you don't even have to deal with XRP save for the reserve which comes down to less than a dollar's worth. Don't know why people are still hesitant to move over there. people are hesitant because its confusing. we have to think fast to trade and any confusion or multiple calculations makes for a lag and hesitation. But you would rather risk deposits being late or lost? And paying fees out the wazoo? I walked through the whole process yesterday and it was actually very simple. You don't have to trade for XRP, but if you do, you can send that directly to a BTC address and it converts it for you at MP. No need to hassle with buying BTC with XRP. I'm saying people start trading NXT/BTC on Peercover, eliminate dealing with XRP altogether. |
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